William Blair Forecasts Boot Barn FY2027 Earnings

Boot Barn Holdings, Inc. (NYSE:BOOT) – Equities researchers at William Blair issued their FY2027 earnings estimates for shares of Boot Barn in a note issued to investors on Tuesday, January 7th. William Blair analyst D. Carden anticipates that the company will post earnings of $7.73 per share for the year. The consensus estimate for Boot Barn’s current full-year earnings is $5.48 per share.

Several other analysts have also issued reports on the stock. BTIG Research boosted their price target on shares of Boot Barn from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, October 29th. UBS Group lifted their price target on Boot Barn from $127.00 to $165.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Robert W. Baird raised shares of Boot Barn from a “neutral” rating to an “outperform” rating and set a $167.00 target price on the stock in a report on Wednesday, October 30th. Citigroup decreased their target price on Boot Barn from $194.00 to $178.00 and set a “buy” rating on the stock in a research note on Tuesday, October 29th. Finally, Baird R W upgraded shares of Boot Barn from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boot Barn presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.00.

Boot Barn Stock Performance

Shares of BOOT opened at $159.99 on Thursday. The firm has a market cap of $4.88 billion, a P/E ratio of 32.13 and a beta of 2.10. Boot Barn has a fifty-two week low of $69.35 and a fifty-two week high of $169.83. The business has a 50-day moving average of $143.92 and a 200 day moving average of $142.67.

Boot Barn (NYSE:BOOT) last released its earnings results on Monday, October 28th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.02. Boot Barn had a net margin of 8.73% and a return on equity of 15.89%. The firm had revenue of $425.80 million for the quarter, compared to analysts’ expectations of $424.42 million. During the same period in the previous year, the company earned $0.91 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis.

Insider Activity

In other news, CEO John Hazen sold 6,311 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $152.98, for a total transaction of $965,456.78. Following the completion of the transaction, the chief executive officer now directly owns 3,937 shares of the company’s stock, valued at approximately $602,282.26. This represents a 61.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Boot Barn

Several institutional investors and hedge funds have recently bought and sold shares of BOOT. GHP Investment Advisors Inc. bought a new position in Boot Barn in the third quarter worth $25,000. Canada Pension Plan Investment Board bought a new stake in Boot Barn during the 2nd quarter valued at about $64,000. GAMMA Investing LLC raised its holdings in Boot Barn by 100.8% in the third quarter. GAMMA Investing LLC now owns 534 shares of the company’s stock worth $89,000 after buying an additional 268 shares during the last quarter. USA Financial Formulas bought a new position in shares of Boot Barn in the third quarter worth approximately $92,000. Finally, KBC Group NV grew its holdings in shares of Boot Barn by 23.3% during the third quarter. KBC Group NV now owns 951 shares of the company’s stock valued at $159,000 after buying an additional 180 shares during the last quarter.

Boot Barn Company Profile

Boot Barn Holdings, Inc, a lifestyle retail chain, operates specialty retail stores in the United States. The company's specialty retail stores offer western and work-related footwear, apparel, and accessories for men, women, and kids. It offers boots, shirts, jackets, hats, belts and belt buckles, handbags, western-style jewelry, rugged footwear, outerwear, overalls, denim, and flame-resistant and high-visibility clothing.